Hamptons Real Estate Market Data – Week of 8/20/2024

Over the past week there were 23 Listings that went into contract from Westhampton to Montauk.

Compared to this same week last year (2023), there were 21 Listings that went into contract.

Which is a year over year INCREASE of 10%.

This same week in 2022, there were 22 Listings that went into contract.

Compared to this past week in 2024, it’s an INCREASE of 5%.

The breakdown of these 23 Transactions are:

1 Between $15 and $20 Million 

2 Between $10 and $15 Million 

3 Between $5 and $10 Million 

3 Between $3 and $5 Million 

2 Between $2 and $3 Million 

9 Between $1 and $2 Million 

3 Under $1 Million

Over the past week, the Dollar Volume was $101 Million.

Compared to this same week last year (2023), the Dollar Volume was $77 Million.

Which is a year over year INCREASE of 31%.

This same week in 2022, the Dollar Volume was $60 Million.

Compared to this past week in 2024, it’s an INCREASE of 68%.

This past week there were 28 New Listings coming onto the market.

With 23 Listings going into contract, this INCREASES the inventory by 5 Listings.

The breakdown of these 28 New Listings are:

1 Over $20 Million 

9 Between $5 and $10 Million 

7 Between $3 and $5 Million 

5 Between $2 and $3 Million 

4 Between $1 and $2 Million 

2 Under $1 Million

The overall inventory as of 8/27/2024

2,048 Total Listings (Active & In Contract)

1,573 Active Listings

475 In Contract Listings

*Data according to the East End Long Island listing system